BITCOIN FAILED ON RESISTANCE, WHAT'S NEXT?
As predicted in our previous analysis, Bitcoin experienced a significant rally following the identified breakout. Currently, the price is once again encountering strong resistance at the major zone we highlighted earlier.
The recent bullish trend developed within a bullish channel, suggesting the possibility of a bearish impulse and another retest of the resistance zone. If Bitcoin fails to break through this resistance again, we might see the formation of a double top, potentially leading to a sell-off accompanied by increased volume.
The recent bullish trend developed within a bullish channel, suggesting the possibility of a bearish impulse and another retest of the resistance zone. If Bitcoin fails to break through this resistance again, we might see the formation of a double top, potentially leading to a sell-off accompanied by increased volume.
